There are many avenues of funding a startup can take to ensure their idea can turn into a product. Fortunately, the government has recognized this and provides funding through the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs.
- Are you a candidate for a SBIR?
The perfect SBIR candidate needs to demonstrate that they have a technical product or service that they need to design and implement. The SBIR is not to fund knowledge; it is to bridge the gap for early-stage entrepreneurs working in high-risk technical industries.
- Do you have the potential to commercialize?
You must be able to show your product has the potential for commercialization and demonstrate that your idea addresses the customer’s need.
- Do you know the difference between an SBIR and STTR?
The unique feature of the STTR program is the requirement for the small business to collaborate formally with a research institution in Phase I and Phase II. STTR's most important role is to bridge the gap between the performance of basic science and commercialization of resulting innovations.
If you think these programs are right for you, our SBIR/STTR Training and proposal support can assist you with getting started.